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    8 Elm St North Brookfield, MA 01535

    Sponsored
    For Sale
    $465,000

    MULTI_FAMILY - North Brookfield, MA

    Property size:
    2,500 SF
    Lot size:
    0.45 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 25 at 1:06 pm

    Property Features for 8 Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    11
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    M:107 B:00007 L:00080,1627651
    Parking
    6
    Size
    2,500 SF
    Lot size
    0.45 Acres

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    2

    We can help!

    Listing Contact
    Sarah Gustafson

    Pinnacle Central LLC DBA Keller Williams Pinnacle Central (508) 754-3020

    Listing agent Sarah Gustafson

    Listing date Dec 5, 2025

    MLS# 73444206 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Multi-Family Home Near Center

    This multi-family home, situated approximately 1/2 mile from the town center, offers versatility for multi-generational living, use as an in-law suite, a two-family setup, an owner-occupied business, or as a single-family home. The property has been updated and includes a generator hookup, sleek cabinetry, and a gourmet kitchen island. Enhanced electrical and heating systems are in place. Interior features include hardwood floors and a central vacuum system. The partially finished walk-out basement includes a workbench, overhead lighting, a gas stove, storage space, and a tool room. On the third floor, three bonus rooms offer potential for a home office, game room, or nursery. The second-story bathroom is equipped with a tiled floor and a jetted tub. A two-story deck, accessible via slider doors, provides outdoor space. The property is set on a lot of approximately 0.45 acres. The expansive backyard is suitable for entertaining. The property size is approximately 2500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Brookfield
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.081174
    Latitude
    42.268372

    Nearby Similar for Sale

    • $465,000

      Updated Multi-Family Home Near Center

      Versatile home ideal for multi-generational living or business.
      8 Elm St, North Brookfield, MA 01535
      View Details
    • $525,000

      North Brookfield Multifamily Investment Opportunity

      Four-unit multifamily property on over 3 acres in North Brookfield.
      10 Rufus Putnam Rd, North Brookfield, MA 01535
      View Details
    • $484,000

      Spacious Multifamily Residence

      Three-unit residence with eight bedrooms and two-car garage.
      38 Mount Pleasant St, North Brookfield, MA 01535
      View Details
    • $499,000

      Charming Updated Three-Family Home

      Updated three-family home with off-street parking and spacious yard.
      12 Cushing St, North Brookfield, MA 01535
      View Details

    FAQs

    What type of property is this?
    Duplex - Versatile multi-family home near town center with modern updates.
    Where is this duplex located?
    The property is located at 8 Elm St North Brookfield, MA.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: - Versatile multi-family home suitable for various living arrangements or single-family use.; - Conveniently located just 1/2 mile from the town center.; - Updated home with modern features including a **gourmet kitchen island** and **sleek cabinetry**, enhanced electrical/heating systems.
    (508) 754-3020
    Request Owner's contact information
    8 Elm St North Brookfield, MA 01535
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    North Brookfield, MA 01535
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8 Elm St North Brookfield, MA 01535
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    We can help!
    Listing Contact
    Sarah Gustafson
    (508) 754-3020
    Learn more
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